Draft Fed Paper Links Immigration to Housing Price Growth
A draft Federal Reserve paper suggests that immigration has contributed to significant home price and rent growth, a finding that former President Trump has highlighted. The paper indicates a 30% increase in home prices and 20% in rent growth.
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Did immigration drive up housing prices? Trump touts a draft Fed paper.
The president is citing a Fed working paper to blame Biden-era illegal immigration for housing costs. Here's what the study actually found.
By Andrew Ackerman
Read full article →Biden's Illegal Alien Invasion Sparked 30% Home Price Growth, 20% Rent Growth: Fed Paper
Biden's Illegal Alien Invasion Sparked 30% Home Price Growth, 20% Rent Growth: Fed Paper A new Federal Reserve working paper adds hard data to a dire economic realities that tens of millions of hardworking Americans already face: being priced out of homeownership or trapped paying ungodly high rents. For years, the housing affordability crisis was blamed almost entirely on low interest rates, pandemic-era demand, institutional buyers, and a shortage of new construction. However,...
By Tyler Durden
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